The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-12-24
R. G. DUN q CO.'S REVIEW.
Trade Throughout the Country Active
for the Season.


Nrw YoRE, Dec. 23.--R. &. Dun & Co, in
their weekly review Of trade, say; "Busi-
ness throughout the country is active for
the season, aud though collections at some
points are slow and credits a.c strained, the
reports are generally satisfactory, But UNI
certainty and hesitation effect important
branches of production and the industrial
outlook docs not improve. Currency is gen
orally in good supply, even where payments
are slowcst aud credits mos. strained. Spec
uiatinn has been less active aud the general
level of prices, though higher than week
ago in most speculative markets, has ON the
whole declined little. Since July I, the
average of prices in speculative markets has
advanced 1919 per cent, with the tendency
still upward, while the average advance in
all other prices has been O.t per cent, With
the later tendency downward.
These facts indicate activity in Trading,
rather than satisfactory relation oi supply
and demand. The iron trade l. unsettled,
with sales of several thousand tons Of Bir-
mingham pig here, while at Philadelphia
offers of ~ below the market are noted.
| Sales uf iu.ODO tons OF steel rails have been
made during the week, and generally at
AiIlN NflNlllE lNlNAAl NahA AIliA ffaH lhhA nun
| Is weaker and the tendency 10 shriukncc in
demand appears not only in crude hut In
many manufactured forms ut iron and steel.
Wool is not active, aud prices range 10 to u
| per cent below those uf MAY last, uOtWith-
standing the decrease IN imports and in
| home production, which shows curtail.
mcnt ui the manufacture. tuttuns arr firm
ut recent advances and in g,ol demand for
| the season, print cloth having this week
week risen 10 - cents bid, but continued
| large supplies cause raw cotton to Tccdc an
| eighth The boot and shoe business u doing
we'll, and II is noted that purchasers ar,
| already hurrying up their orlcrs, while th,
| leather trade improves slightly, " at all
/ The l.ohigh coal strike continues aud th,
| consequent financial strain Is In som,
| quarters severe. Men have nlrrnd,
/ struck. Several manufacturing establish
| mcuts have closed Tor thc present
/ and the repair, usual at this season urr likely
| to continue longer than usual. II markets Il,
| not change. On the other hand, the distri
| button oi groceries Is uoticgd in all Sccliun'
as unusually large, aud the trade In hulida,
| goods l. both large aud unusually early. 4
| st. Paul. Detroit and some other points, thl
| weather Is noticed M causing dullncss it
some hrlnchc, of hu.inr,', and no fcv
other points activity continues Ia rptai
trade, though wholesale business exhibit
| some shriukagv, llut the rtucml volume q
| trade shown IN bank rlunr.urs outside thi
city is even nov fully us u us last year
at this period.
Notwithstanding the expected Rcndin
| strike, stocks have Hycurc,ll. fraction hirhc
than u week ago. hut tic sapfkct has bee
exceedingly dull. Wheat ] VNfisCn ! a, cent
oil ~ cents, coffee . cent with bcitcr dis
tribution. and hogs = cent 'nd pork - cent
''rin has been lifted ic aud copper l. un
changed. Tho sugar market shows ~
change, though the Louisiana Crup b. nov
| reported fully iupWO horsheHds lurr,r thni
last wears. Export. uf wheat urk ss pucc
advance. Up 10 D,crmbcr !, In wheat nu,
Hour Gl, jnb.uuJ hushcl, had gone out, luius
Gi,WnUu to same duIc lnst year. leaving 10
estimated surplus 10000 bushpI, mon
/ than last years exports inf the rpmlIuIul
scycn months. II is an encouraging uD
/ that siugularly little disturbance hls vet 40
polrcd in regions whore rul estate. sprrula
ton WHs active and payments 0f interest oi
/ mortgages do not yet tCum unusually dc
laycd, even WhDn crops haf. been short,
| Chicago agency having sJpUlp interest dul
on mortgages January hal ALREADY receive,
| more than half the amount December ~
| II l. observed, too that thr demands ip
money frum the interior diminish 90 Chi
cagp, though that city IL s'Il drawing frnu
New York, and The pressure iur money thrn
docs not abatc. Foreign trade shows . suul
decrease in imports while exports from ihi
city for three weeks have l.pu o. per cent
below those ui corresponding weeks lu-
srar.
"Tho husiup., failures for the lHt spyJi
days number. fur the United States. ~. 1u,
for Canada ~ total, 2nI oumprJ viii
2,s Ilst week, aud ~ for ill. cprrspoudiu.
| week last wear"